"The decrease in revenues in 2013 was primarily due to: (i) decreased royalties and license fees from Ragnarok Online in Japan; (ii) decrease in revenues from Finding Neverland Online in Korea; and (iii) decreased revenues from Ragnarok Odyssey. The decrease in revenues in 2013 was partially offset by increased revenues from mobiles games and applications, revenues from Ragnarok Online II, which was launched in Singapore, Malaysia, the United States, Canada, Indonesia, Thailand and 53 other countries and markets during 2013, and revenues from Ragnarok Online in China where the game was relaunched in February 2013. Our cost of revenues for 2013 increased as compared to 2012 mainly due to increased commissions paid related to services provided to third parties. Our operating expenses for 2013 decreased as compared to 2012 mostly due to decreased impairment losses on intangible assets and goodwill, advertising expenses and R&D expenses. "
Edit: Holy fawkin shiiiiiiit: " The cost of revenues from the payments to Mr. Myoung-Jin Lee was Won 284 million (US$269 thousand) for 2013 and Won 388 million for 2012. This agreement expires in January 2033."
Edited by Scuba, 26 November 2014 - 07:44 AM.